Housing Preservation Director, Asset Management Expert

3 weeks ago

New York, New York, United States New York City Housing Development Corporation Full time

Company Overview:

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The New York City Housing Development Corporation (HDC) is a leading public benefit corporation dedicated to preserving and developing affordable housing in New York City.

Salary:

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$100,000 - $115,000 annually

Job Description:

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  • Lead a team of Asset Managers responsible for construction monitoring and asset managing the Mitchell Lama portfolio.
  • Manage construction loans, including but not limited to the following responsibilities:
    • Managing the construction budget in compliance with the respective loan documents;
    • Reviewing and understanding construction loan documents;
    • Evaluating and implementing construction document and contracts;
    • Reviewing construction loan change requests (change orders); and
    • Working to bring construction loans to completion.
  • Troubleshoot issues during construction, determine what the issues are and utilize tools available to the housing agency to bring relief/resolution.
  • Anticipate problems and look to bring resolution through acceptable means
  • Analyze a property's financial issues with the borrower to determine acceptable course of action
  • Oversee the fund requests and authorizations of capital projects from reserve accounts.
  • Supervise the Fannie Mae review, approval, and distribution of reports according to the programmatic and regulatory requirements.
  • Build strong working relationships with other teams within HDC and HPD to enhance compliance efforts and education.
  • Maintain property data and prepares reports and status accounts to analyze potential risks and concerns within the portfolio.
  • Establish and maintain relationships with project owners, managing agents and various governmental agencies.
  • Manage inquires from residents, attorneys, elected officials, owners, or managing agents and provide timely and detailed responses substantiated by HDC regulatory and programmatic guidelines.
  • Develop training, materials, and tools to support the staff.
  • Head detailed internal staff meetings that provide programmatic information and guidance.
  • Review credit memos and supporting schedules prior to Credit Committee submission.
  • Streamline existing and create new processes and systems to maximize the Department's productivity and oversight capabilities.
  • Participate in interdepartmental projects.

Required Qualifications:

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  • A bachelor's degree from an accredited college plus 3-5 years minimum of relevant experience with federal, state, or local housing programs.
  • 3 - 5 years prior supervisory experience managing a team, projects and time-sensitive deadlines.
  • Knowledge of NYC Mitchell Lamas, Housing Finance Agency underwriting and HUD Section 8 project compliance a plus.
  • Thorough understanding of loan administration, construction lending, and funding procedures.
  • Superior organizational, analytic, and problem-solving skills with excellent attention to detail.
  • Strong interpersonal, verbal, and written communication skills.
  • Ability to build relationships with staff executives and external partners.
  • Proficiency in Microsoft Office.

Benefits:

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  • Health Benefits at a reasonable cost
  • Dental and Vision Benefits at no cost
  • Retirement savings plan with a generous match and a pension plan
  • Paid holiday, vacation, sick time and parental leave
  • Professional development opportunities
  • Public Service Loan Forgiveness for eligible employees
  • Wellness reimbursement
  • Back-up Caregiver Benefit

About Us:

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HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic.

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